Owning income property is not for everyone. Sometimes it feels like the odds are stacked against you. Like most other life endeavors it is a good fit for some people and a nightmare for others. Sometimes a mismatch occurs due to personality, and other times it happens due to personal circumstances. For instance, a childless couple began acquiring rental fix-up properties early in their marriage. It was a shared desire to build real estate wealth, and weekends spent at Home Depot pouring over kitchen sinks and paint chips allowed them to spend time pursuing a mutual interest. Those Home Depot [...]

A prospective multifamily income buyer recently asked me, "Has the spring feeding frenzy in the income property market cooled, or will my offer still be one of many?" The truthful answer is it depends on the location and condition of the property. Premium properties in choice locations will still receive multiple offers. On the other hand, fixer properties in less desirable areas will likely present rehab opportunities so they, too, will likely draw multiple offers. In today's market, it is hard to find a wallflower income property. Last week Norma Toering & Team submitted an offer on Hermosa Beach [...]

I do a quick search each day for a few clients intent on purchasing residential income property in the South Bay of Los Angeles before interest rates creep much higher. Obviously, their motivation has grown stronger during the past few weeks as rates inch upward. Residential income is scattered throughout the cities of the South Bay area, but some have more income properties than others. Here's a snapshot of income properties available in the South Bay by city: San Pedro: 36 Residential income properties are currently for sale in San Pedro. Palos Verdes: 0 Residential income properties for sale in Palos Verdes. [...]

I admit the Palos Verdes Peninsula is a bit short on great places to dine, but my best advise is cross over the bridge. The Vincent Thomas Bridge that is, and hit The Pike in Long Beach. The choices are varied and the scene is both 'beachy' and urban. Whether you select to dine on slow cooking or something faster, decadent or light, there are many restaurants waiting for the opportunity to delight your taste buds. Earlier this week while celebrating a friend's birthday we considered dining at P F Chang's, checked out a Japanese restaurant but settled on Gladstone's. The halibut [...]

The LA Times reported on a research paper looking in to the long term changes that could occur to our local Los Angeles beaches from rising sea levels. The paper concluded that sandy beaches may face increased erosion and that many smaller beaches may shrink to the point that tourists no longer use them. The overall economic impact was studied for loss of tourism dollars in a meter rise of sea level and the Times article ranked "winner/loser" areas over the 100 year timescale. For the Southbay, Manhattan Beach was expected to gain tourist money at an $8 million gain, [...]